Overview of financing strategies during 2018, and projected borrowing needs and funding sources for 2019.

• Uruguay issued a new dollar-denominated global bond with maturity 2031, becoming the first Latin-American sovereign issuer to tap international debt markets in 2019.
• New issuance calendar of Treasury Notes in the domestic market announced for 2019H1.
• Moody’s published its regular macroeconomic update of Uruguay’s Baa2 (stable) credit rating; R&I and DBRS both affirmed their ratings (BBB and BBB-low, respectively), with stable outlook